Should You Buy Seagate After its First Quarter Surprise?
Seagate Technology's (NASDAQ: STX) stock rallied by about 13% after the hard drive maker posted better-than-expected first quarter earnings on Oct. 23. But even after that pop, Seagate's stock remains down about 25% over the past six months.
Seagate's headline numbers were unremarkable, but they still beat analyst expectations. Its revenue fell 6% annually to $2.63 billion, topping estimates by $110 million. Non-GAAP earnings slipped 3% to $0.96 per share, but also beat expectations by $0.11.
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Source: Fool.com
Western Digital Corp. Stock
€58.09
0.050%
The stock is one of the favorites of our community with 44 Buy predictions and 1 Sell predictions.
As a result the target price of 79 € shows a positive potential of 36.0% compared to the current price of 58.09 € for Western Digital Corp..
